Financial Liberalization or Financial Development? Tests Using Delphi-Based Index Ofliberalization

Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio or monetary of financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest and...

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Bibliographic Details
Main Authors: Nicolaas Gronewold, Jiangang Peng, Guanzheng Li, Xiangmei Fan
Format: Article
Language:English
Published: Universiti Utara Malaysia 2009-02-01
Series:International Journal of Banking and Finance
Online Access:https://www.scienceopen.com/document?vid=2ede9313-5fcb-4378-953d-6f3720a79d37